Outcome of the Board Meeting held on September 02, 2025.
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The board approved the Annual Report and Board's Report for FY 2024-25 and set September 24, 2025 as the date for the 13th AGM. M/s HM & Associates was appointed as Secretarial Auditor for five years (FY 2025-26 to FY 2029-30), and M/s Prerna Surana Jaiswal and Associates as Internal Auditor for five years (FY 2026-27 to FY 2030-31). Two new Non-Executive Independent Directors, Mr. Akshat Ketankumar Shah and Mr. Ravi Surendrakumar Arora, were appointed to the board. Independent Director Mr. Soumya Ranjan Sahoo resigned and was redesignated as a Non-Executive Director effective September 3, 2025. Board committees (Audit, Nomination and Remuneration) were reconstituted with the new directors, including Mr. Shah as Chairperson of both committees.
The changes are largely routine governance housekeeping ahead of the AGM — auditor appointments strengthen compliance, while director additions bring fresh expertise in capital markets and strategy. No senior management exits or governance red flags, so minimal direct impact on shareholders or the share price is expected.